PGE Corp Correlations

PCG Stock

USD 15.95 0.28 1.79%

The current 90-days correlation between PGE Corp and United Rentals is 0.35 (i.e., Weak diversification). The correlation of PGE Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

PGE Corp Correlation With Market

Weak diversification

The correlation between PGE Corp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PGE Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PGE Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PGE Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For more detail on how to invest in PGE Stock please use our How to Invest in PGE Corp guide.

Moving together with PGE Stock

0.71	BKRKF	PT Bank Rakyat	Pair Corr
0.75	SHG	Shinhan Financial	Pair Corr
0.72	INTC	Intel Aggressive Push	Pair Corr
0.68	IBM	International Business	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr

Moving against PGE Stock

0.65	BKRKY	Bank Rakyat	Pair Corr
0.61	DTW	DTE Energy	Pair Corr
0.59	CNL	Collective Mining	Pair Corr
0.56	SOJC	Southern	Pair Corr
0.47	PTBRY	Bank Negara Indonesia	Pair Corr
0.35	PPERF	Bank Mandiri Persero	Pair Corr
0.34	SOJE	Southern Company	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.54	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.43	DIS	Walt Disney	Pair Corr
0.42	BA	Boeing	Pair Corr
0.36	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	HLFN	BNL	DLPN	URI	MIUFY	GWIN	CAUUF
HLFN		-0.14	0.29	-0.11	-0.32	-0.05	0.27	HLFN
BNL	-0.14		0.12	0.34	-0.1	0.38	0.15	BNL
DLPN	0.29	0.12		-0.65	-0.53	-0.19	0.79	DLPN
URI	-0.11	0.34	-0.65		0.13	0.66	-0.47	URI
MIUFY	-0.32	-0.1	-0.53	0.13		-0.11	-0.77	MIUFY
GWIN	-0.05	0.38	-0.19	0.66	-0.11		-0.1	GWIN
CAUUF	0.27	0.15	0.79	-0.47	-0.77	-0.1		CAUUF
	HLFN	BNL	DLPN	URI	MIUFY	GWIN	CAUUF

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CAUUF	+ 0.79	DLPN
GWIN	+ 0.66	URI
GWIN	+ 0.38	BNL
URI	+ 0.34	BNL
DLPN	+ 0.29	HLFN
CAUUF	+ 0.27	HLFN

High negative correlations

CAUUF	- 0.77	MIUFY
URI	- 0.65	DLPN
MIUFY	- 0.53	DLPN
CAUUF	- 0.47	URI
MIUFY	- 0.32	HLFN
GWIN	- 0.19	DLPN

Risk-Adjusted Indicators

There is a big difference between PGE Stock performing well and PGE Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze PGE Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HLFN	0.14	0.00	(0.02)	(0.08)	0.24	(0.46)	0.69	(0.45)	3.00
BNL	0.80	0.03	0.01	0.08	1.02	(0.80)	1.71	(1.44)	5.87
DLPN	3.70	0.58	0.14	0.25	3.95	(4.22)	9.85	(6.51)	21.98
URI	1.38	(0.25)	0.00	(0.21)	0.00	0.00	2.05	(2.88)	10.45
MIUFY	1.72	(0.15)	0.00	4.39	0.00	0.00	5.20	(8.41)	20.70
GWIN	0.79	0.00	0.00	0.01	0.00	0.00	0.00	0.00	30.26
CAUUF	0.07	0.03	0.00	(0.55)	0.00	0.00	0.00	0.00	2.38

PGE Corp Corporate Executives

Elected by the shareholders, the PGE Corp's board of directors comprises two types of representatives: PGE Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PGE. The board's role is to monitor PGE Corp's management team and ensure that shareholders' interests are well served. PGE Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PGE Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Dinyar Mistry	VP, Controller, CFO of Pacific Gas and Electric Company, VP of Pacific Gas and Electric Company and Controller of Pacific Gas and Electric Company	Profile
	Carolyn Burke	CFO VP	Profile

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